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ZeroSpace Leases Industrial Space At 345 Butler Street Brooklyn With Jon Kamali & Brad Cohen As Brokers

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LEASED
$50
Bradley "Brad" Cohen

New York

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Industrial61,500 SF
Leased 01/01/2023
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Property Image
LEASED

ZeroSpace Leases Industrial Space At 345 Butler Street Brooklyn With Jon Kamali & Brad Cohen As Brokers

345 Butler Street,Brooklyn,New York

See Similar Deals
Industrial61,500 SF
Leased 01/01/2023
Bradley "Brad" Cohen
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$50
Total Square Footage:61,500 SF
Transaction Type:Lease

The industrial property located at 345 Butler Street in Brooklyn has recently been leased. The tenant, ZeroSpace, has signed a lease agreement with the landlord, Kenneth Chan. The property spans a total of 61,500 square feet. The asking rent for the space is $50 per square foot. This lease agreement was facilitated by brokers Jon Kamali from J3K Real Estate and Brad Cohen from CBRE.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Date: 01/01/2023
  • Address: 345 Butler Street
  • Market: Brooklyn
  • Landlord: Kenneth Chan
  • Tenant: ZeroSpace
  • Brokers: Jon Kamali - J3K Real Estate, Brad Cohen - CBRE
  • Asking Rent: $50 per square foot
  • Square Footage: 61,500

Jon Kamali from J3K Real Estate and Brad Cohen from CBRE played a crucial role as brokers in this lease transaction. They worked on behalf of the tenant and the landlord, respectively, to negotiate favorable terms and ensure a successful deal. Their expertise and experience in the real estate market were instrumental in finalizing the agreement between ZeroSpace and Kenneth Chan.

Players

Bradley "Brad" Cohen
11 deals$134.5M volume(646) 374-8575
BROKER

Jon Kamali
J3K Real Estate
31 deals$139.3M volume
BROKER

Details

LEASED
IMAGE: Jon Kamali & Brad Cohen DATE: 01/01/2023 ADDRESS: 345 Butler Street MARKET: Brooklyn ASSET TYPE: Industrial LANDLORD: Kenneth Chan TENANT: ZeroSpace BROKERS: Jon Kamali (@TheRealJonKa) - J3K Real Estate (@J3K_RE) & Brad Cohen (@BCohenyc) - CBRE (@CBRE) ASKING RENT: $50/ft ~ SF: 61,500

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Deal Type
Effective Rent (Annual)

$3,525,142.89

Total Lease Value

$35,251,428.88

Net Landlord Cash Flow$3,525,142.89